Published on 5/16/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.34 million market-linked notes on index basket
By William Gullotti
Buffalo, N.Y., May 16 – Citigroup Global Markets Holdings Inc. priced $2.34 million of 0% market-linked notes due April 17, 2028 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 30% weight and the Russell 2000 index with a 20% weight.
The payout at maturity will be par plus any basket gain. Otherwise, investors will receive par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying basket: | S&P 500 index (50% weight), Euro Stoxx 50 index (30% weight), Russell 2000 index (20% weight)
|
| Amount: | $2,337,000
|
| Maturity: | April 17, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain; otherwise, par
|
| Initial levels: | 3,935.18 for S&P, 3,647.87 for Stoxx, 1,718.144 for Russell
|
| Pricing date: | May 11
|
| Settlement date: | May 16
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17330FV40
|
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